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Page 15 <br />Location of Retail Nodes Near Ramsey <br />Ramsey sits between 9 competitive retail nodes <br />Drive Time <br />Residents can access each in less than 23 minutes <br />Quantity of Retail and Restaurants <br />These 9 nodes have 854 retail locations combined <br />Retail Diversity <br />■ Restaurants <br />• Retail Stores <br />■ Service <br />Variety of types of retail are available in each node <br />Josh Pansch, In -person data gathering and GIS, October 2017 <br />Methods <br />Ideally, any retail or consumer market analysis is being conducted to help Ramsey make more <br />informed decisions regarding commercial developments and investments and can focus energy <br />and resources on areas of higher retail development potential, as well as certain categories of <br />retail with the most potential for longevity and success. For the purpose of this project, we <br />analyzed different ways in which retail or consumer market analyses are conducted, how trade <br />areas are determined, and effective strategies to assist in the recruitment and success of retail <br />investment. To begin, we took a look at a retail market assessments the City of Ramsey had <br />completed in the past decade, analyzing their approach and results, and then move on to a form <br />of effective measurement and methodology today, leading into 2017 retail market data. <br />